I’m looking for companies that are fairly valued, have a decent dividend yield(3% to 6%) and have a fairly long history of paying dividends consistently for 10 years or more. However, there could be some cases for exceptionally good company or a strategic buy for a very long term.
Although, it is getting difficult to find companies at fair valuation, I still pulled triggered on following companies in Oct, 2016:
1) Bank of Nova Scotia (BNS)
This is my 12th buy of BNS this year, a marathon buying spree so far! It turns out to be almost 1 buy per month on average. I added 5 positions in BNS on 10/13 at $52.43. It’ll add $14.40 of passive dividend income on an annual basis.
2) Starwood Property Trust, Inc. (STWD)
Reit segment is moderating now but still, it has a higher risk to significant correction. As a long-term investor, this could be good addition to the portfolio. I bought 10 positions in STWD at $21.92 on 10/24 and it’ll add $19.20 of passive income on an annual basis.
Full Disclosure: Long on above mentioned securities.
Thanks for reading.